Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It operates on decentralized technology, typically based on blockchain, which is a distributed ledger enforced by a network of computers (nodes). Cryptocurrencies are designed to work as a medium of exchange, allowing for digital transactions without the need for intermediaries like banks. They offer features such as anonymity, security, and resistance to inflation, as many cryptocurrencies have a capped supply. Bitcoin, launched in 2009, was the first cryptocurrency and remains the most well-known, but there are thousands of other cryptocurrencies, each with unique features and purposes. Cryptocurrencies can be traded on various exchanges and can also serve as investments.
Amid stock market volatility, Bitcoin rose over 1% while the S&P 500 fell by 6%, sparking debate on its role as a risk-on asset or safe haven. Circle, behind stablecoin USDC, filed for an IPO and a U.S. House committee advanced a stablecoin bill, signaling growth despite market turbulence. Fidelity Investments plans to include crypto…
Bitcoin faces a test of resilience amid global economic shifts, impacted by U.S. tariff announcements under President Trump. Bitcoin’s price has fallen over 15% in recent months, challenging its reputation as a digital safe haven. On-chain metrics indicate reduced selling pressure, though resistance levels remain between $85,257 and $95,300. Market analysts predict erratic price movements…
The cryptocurrency market is experiencing significant volatility due to recent tariff announcements by President Trump, highlighting both opportunities and risks. Bitcoin prices dropped 5%, hovering around $82,000, while Ethereum fell below $1,800, with $450 million in crypto futures liquidated within 24 hours. The turbulence could signal a shift in global trade dynamics and challenge the…
The first quarter of 2025 witnessed a dramatic surge in crypto thefts, with losses totaling $1.67 billion, marking a 303% increase from late 2024. A significant breach at Bybit stands as the largest crypto theft recorded, driving this escalation with $1.45 billion in wallet compromises. Ethereum was heavily impacted, experiencing 98 breaches and losses of…
The U.S. Department of Justice seized $201,400 in cryptocurrency aimed at financing Hamas, marking a significant victory in global counterterrorism efforts. An FBI-led investigation uncovered a complex network of digital wallets used to funnel approximately $1.5 million for illicit activities since October. Frozen assets, totaling $89,900, alongside other accounts worth $111,500, highlight the operation’s international…
Market Analysis of Bitcoin’s Volatile Movements Bitcoin (BTCUSD) faced a tumultuous start on December 10, raising concerns of a potential downward trend as the price fell below $96,000. The cryptocurrency experienced a brief surge up to $98,000, but market bulls seemed to exhaust themselves, resulting in nearly a 2% decline in daily values. A well-known…